$499,999
Panama City Beach, FL 32413
MLS# 788212
3 beds | 2 baths | 1200 sqft
1 / 33
Property Description
Back on the market--no fault of the seller--offering a second chance to secure this incredible beach investment opportunity. Located just a few blocks from the Gulf on the highly desirable west end of Panama City Beach, this updated coastal bungalow is perfectly positioned for both personal enjoyment and short-term rental income. Featuring new LVP flooring, fresh interior paint, expanded driveway for additional guest parking, and a low-maintenance backyard, this home is designed for ease of ownership and strong rental performance. The fully fenced yard includes a detached storage building with potential to convert into a charming bonus space (buyer to verify) and offers room to add a pool for additional income upside. Professional rental projections estimate approximately $62K-$88K in annual gross revenue with strong occupancy potential. Ideally located near public beach access, the Rosemary Beach entrance to 30A, and Pier Park. Opportunities like this don't come around often--especially at this price point.
Details
Maps
Contract Info
List Price/SqFt: 416.67
Status: Active
List Date: 2026-04-10
List Price: $499,999
Current Price: $499,999
Location
Sub Area: 0325 - Beach - West South
Community/Resort: None
Waterfront: No
Elementary School: West Bay
Middle School: Surfside
High School: Arnold
Directions: Approx. 1 mile East of the Walton Co/Bay Co. line on Hwy 98 or approx. 5 miles West of Hwy 79
Area: 03 - Bay County - Beach
Street #: 423
Street Name: Kelly
Street Suffix: Street
State: FL
Zip Code: 32413
County: Bay
Subdivision: Kiska Beach 1st Add
Parcel ID: 36065-009-000
Legal Description: 1ST ADD KISKA BEACH MAP 13B3 LOT 19 BLK E ORB 3880 P 33
General Property Info
Acreage: 0.13
Design: Bungalow
Lot Size (SqFt): 5663
Apx SqFt(Htd/Cooled): 1200
Construction Status: Construction Complete
SqFt Source: Prop App Site
Lot Dimensions: 50 x 112
New Construction: No
Garage Y/N: No
Pool: No
Sub-Type: Detached Single Family
Bedrooms: 3
Full Baths: 2
Total Baths: 2
Year Built: 1983
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 4388
Last Tax Year: 2025
Brokerage Interest: No Interest
Remarks & Misc
Remarks: Back on the market--no fault of the seller--offering a second chance to secure this incredible beach investment opportunity. Located just a few blocks from the Gulf on the highly desirable west end of Panama City Beach, this updated coastal bungalow is perfectly positioned for both personal enjoyment and short-term rental income. Featuring new LVP flooring, fresh interior paint, expanded driveway for additional guest parking, and a low-maintenance backyard, this home is designed for ease of ownership and strong rental performance. The fully fenced yard includes a detached storage building with potential to convert into a charming bonus space (buyer to verify) and offers room to add a pool for additional income upside. Professional rental projections estimate approximately $62K-$88K in annual gross revenue with strong occupancy potential. Ideally located near public beach access, the Rosemary Beach entrance to 30A, and Pier Park. Opportunities like this don't come around often--especially at this price point.
Furnished
Furnished: 1
Rooms
Bedroom: 1
Master Bedroom: 1
Utilities
TV Cable: 1
Electricity - Connected: 1
Master Bedroom
First: 1
Bedroom
First: 1
Property Features
Master Bedroom: First
Bedroom: First
Furnished: Furnished
Rooms: Bedroom; Master Bedroom
Utilities: TV Cable; Electricity - Connected
Room Information
| Room Name | Level | Dimensions | Length | Width | Dimensions | Remarks |
| Master Bedroom | First | 14 x 21 | 14.00 | 21.00 | 14 x 21 | Buyer to verify |
| Bedroom | First | 11 x 11 | 11.00 | 11.00 | 11 x 11 | Buyer to verify |
| Bedroom | First | 11 x 11 | 11.00 | 11.00 | 11 x 11 | Buyer to verify |
Listing Office: Luxe Coastal Realty Group LLC
Last Updated: May - 23 - 2026
Information deemed reliable but not guaranteed.